Impact of Strategy Implementation on Performance in Nigerian Stock and Insurance Markets: A Regulator and Supervisor Perspective

Abstract

Purpose: The purpose of this research was to analyze how strategy implementation affects the performance of regulators and supervisors in the Nigerian stock and insurance markets. The specific goals were centered around exploring the relationship between strategic alignment, resource availability, organizational structure, and performance within the designated study area. Theoretical framework: The study centers on the RBV Model as the theoretical framework. Design/Methodology/Approach: Employing a descriptive research design, primary data was gathered from 145 carefully selected staff members of the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM). Findings: The results of the ordinary least squares (OLS) regression revealed that strategic alignment, resource availability, and organizational structure were positive, and significantly influence organizational performance at 5% level of significance. Practical implications: This implies that collaborative efforts can enhance the effectiveness of the regulatory approach and foster a conducive and well-functioning financial market environment. In conclusion, this research demonstrates that strategic alignment, resource availability, and organizational structure are pivotal factors influencing the performance of regulatory institutions in Nigerian stock and insurance markets. By addressing these factors, policymakers and regulators can enhance the overall stability and efficiency of the financial system, benefiting both investors and the broader economy. Original/Value: This study makes a significant contribution to knowledge by examining the relationship between strategy implementation and performance in the Nigerian stock and insurance markets from the perspective of regulators and supervisors. By shedding light on the identified factors and their impact on performance, the research provides valuable insights for both market participants and regulatory bodies, offering a basis for informed decision-making and potential policy interventions to enhance the overall performance and stability of these financial sectors in Nigeria.